FLORIDA CONDOMINIUM MANAGER EXAM PRACTICE EXAM | STUDY GUIDE |
TESTBANK | LATEST UPDATE | 2026/2027 | QUESTIONS | 100% CORRECT ANSWERS
Table of Contents:
1. Florida CAM Licensing and Professional Practice — Licensure, Scope of Practice,
Ethics, Conflicts of Interest
2. Florida Condominium Law — Chapter 718, Governing Documents, Association
Powers and Duties
3. Board Governance and Meetings — Elections, Quorum, Notices, Voting, Records
4. Financial Management — Budgets, Assessments, Reserves, Collections, Estoppels
5. Maintenance, Repairs, Insurance, and Milestone Compliance
6. Contracts, Vendors, Procurement, and Risk Management
7. Compliance, Enforcement, Dispute Resolution, and Professional Judgment
Introduction
This practice examination is designed for candidates preparing for the Florida
Condominium Manager Exam and emphasizes the professional knowledge expected
of a community association manager operating in Florida. The questions focus on
Chapter 718, Florida condominium governance, Chapter 468 professional regulation,
financial administration, board procedures, records, assessments, insurance,
maintenance, contracts, ethics, and compliance. Rather than emphasizing simple
memorization, the examination uses realistic management scenarios requiring
interpretation, application, judgment, and selection of the most legally and
professionally appropriate response. Candidates should expect difficult questions
involving competing duties, procedural requirements, documentation, conflicts of
interest, fiduciary considerations, and risk management. The set reflects current
2026/2027-oriented study expectations and is intended for advanced exam
preparation.
Question 1
A licensed community association manager is instructed by a condominium
association's board president to immediately disburse association funds for a project
that the manager knows violates an applicable Florida statute. The president insists
,that the board has authority to direct the manager and threatens termination if the
instruction is not followed. What is the manager's BEST course of action?
A. Follow the president's instruction because the board is the manager's principal
B. Follow the instruction but document that the president assumed responsibility
C. Refuse to knowingly perform the unlawful act and advise the association of the
legal issue
D. Disburse the funds and seek reimbursement from the association if penalties
result
Correct Answer: C
Explanation: A community association manager acts as an agent within authorized
authority but may not knowingly perform an act directed by the association that
violates state or federal law. The manager should refuse the unlawful instruction
and appropriately document and communicate the concern.
Question 2
A condominium management firm provides management services to an association
with 75 units and an annual budget of $420,000. The firm employs an unlicensed
administrative employee who routinely calculates assessment balances, prepares
estoppel certificates, and determines statutory meeting notice periods without direct
supervision by a licensed manager. Which conclusion is MOST accurate?
A. The employee is exempt because all administrative employees are exempt from
licensure
B. The employee may perform the work because the association, rather than the firm,
is responsible for compliance
C. The employee is performing functions that fall within regulated community
association management and should not independently perform them without the
required licensure or permitted supervision
D. The employee is exempt because condominium management does not require a
license unless the association has more than 100 units
Correct Answer: C
Explanation: Activities such as determining statutory notice periods, calculating
, amounts due, and preparing estoppel certificates are among the functions that can
constitute regulated community association management. Clerical or ministerial
employees may perform permitted functions under the direct supervision and
control of a licensed manager, but the facts indicate independent performance.
Question 3
A condominium manager discovers that the management company's online licensure
account still identifies a former association as one of the communities for which the
manager is the designated onsite manager. The manager left that assignment two
months ago. What should the manager do?
A. Wait until the next license renewal period to update the information
B. Ask the former association's president to make the correction
C. Update the manager's licensure information within the required period after the
change
D. Delete the entire online licensure account and create a new one
Correct Answer: C
Explanation: Florida's community association management licensing framework
requires licensees to maintain accurate online licensure information and update
required information within the prescribed period following a change.
Question 4
A manager's contract with a condominium association is terminated. The former
manager retains electronic copies of association financial records because the
manager believes they may be useful for defending against a future complaint. The
association requests that all association records be returned. Which action is MOST
appropriate?
A. Refuse to return the records until the association signs a release
B. Return the association's records in accordance with applicable requirements and
retain only materials the manager is legally entitled to retain
C. Destroy the records immediately to eliminate confidentiality risks
D. Return only paper records because electronic records belong to the management
company
, Correct Answer: B
Explanation: Upon termination of a management relationship, association records
must be handled in accordance with applicable law and professional obligations. A
manager should not improperly withhold association records as leverage in a
dispute.
Question 5
A condominium board is considering awarding a major maintenance contract to a
company owned by the manager's sibling. The manager believes the vendor is highly
qualified and offers the lowest price. What is the manager's BEST action?
A. Recommend the vendor without disclosure because the price is objectively
competitive
B. Disclose the relationship and ensure the association follows applicable conflict-of-
interest requirements before proceeding
C. Award the contract personally because the manager is responsible for
maintenance
D. Conceal the relationship unless a unit owner specifically asks about it
Correct Answer: B
Explanation: The manager must address potential conflicts transparently. A
financial or personal relationship that could affect—or reasonably appear to affect
—professional judgment should be disclosed and handled according to applicable
law, governing documents, and association procedures.
Question 6
A condominium board asks its manager to prepare an annual budget. The manager
notices that the proposed budget omits a recurring expense that is contractually
required and significantly understates expected insurance costs. The board says the
omissions are intentional because a lower budget will be more popular with owners.
What should the manager do?
A. Prepare the budget exactly as instructed because the board controls the budget
B. Prepare an accurate budget reflecting reasonably anticipated expenses and explain
the consequences of knowingly understating costs
TESTBANK | LATEST UPDATE | 2026/2027 | QUESTIONS | 100% CORRECT ANSWERS
Table of Contents:
1. Florida CAM Licensing and Professional Practice — Licensure, Scope of Practice,
Ethics, Conflicts of Interest
2. Florida Condominium Law — Chapter 718, Governing Documents, Association
Powers and Duties
3. Board Governance and Meetings — Elections, Quorum, Notices, Voting, Records
4. Financial Management — Budgets, Assessments, Reserves, Collections, Estoppels
5. Maintenance, Repairs, Insurance, and Milestone Compliance
6. Contracts, Vendors, Procurement, and Risk Management
7. Compliance, Enforcement, Dispute Resolution, and Professional Judgment
Introduction
This practice examination is designed for candidates preparing for the Florida
Condominium Manager Exam and emphasizes the professional knowledge expected
of a community association manager operating in Florida. The questions focus on
Chapter 718, Florida condominium governance, Chapter 468 professional regulation,
financial administration, board procedures, records, assessments, insurance,
maintenance, contracts, ethics, and compliance. Rather than emphasizing simple
memorization, the examination uses realistic management scenarios requiring
interpretation, application, judgment, and selection of the most legally and
professionally appropriate response. Candidates should expect difficult questions
involving competing duties, procedural requirements, documentation, conflicts of
interest, fiduciary considerations, and risk management. The set reflects current
2026/2027-oriented study expectations and is intended for advanced exam
preparation.
Question 1
A licensed community association manager is instructed by a condominium
association's board president to immediately disburse association funds for a project
that the manager knows violates an applicable Florida statute. The president insists
,that the board has authority to direct the manager and threatens termination if the
instruction is not followed. What is the manager's BEST course of action?
A. Follow the president's instruction because the board is the manager's principal
B. Follow the instruction but document that the president assumed responsibility
C. Refuse to knowingly perform the unlawful act and advise the association of the
legal issue
D. Disburse the funds and seek reimbursement from the association if penalties
result
Correct Answer: C
Explanation: A community association manager acts as an agent within authorized
authority but may not knowingly perform an act directed by the association that
violates state or federal law. The manager should refuse the unlawful instruction
and appropriately document and communicate the concern.
Question 2
A condominium management firm provides management services to an association
with 75 units and an annual budget of $420,000. The firm employs an unlicensed
administrative employee who routinely calculates assessment balances, prepares
estoppel certificates, and determines statutory meeting notice periods without direct
supervision by a licensed manager. Which conclusion is MOST accurate?
A. The employee is exempt because all administrative employees are exempt from
licensure
B. The employee may perform the work because the association, rather than the firm,
is responsible for compliance
C. The employee is performing functions that fall within regulated community
association management and should not independently perform them without the
required licensure or permitted supervision
D. The employee is exempt because condominium management does not require a
license unless the association has more than 100 units
Correct Answer: C
Explanation: Activities such as determining statutory notice periods, calculating
, amounts due, and preparing estoppel certificates are among the functions that can
constitute regulated community association management. Clerical or ministerial
employees may perform permitted functions under the direct supervision and
control of a licensed manager, but the facts indicate independent performance.
Question 3
A condominium manager discovers that the management company's online licensure
account still identifies a former association as one of the communities for which the
manager is the designated onsite manager. The manager left that assignment two
months ago. What should the manager do?
A. Wait until the next license renewal period to update the information
B. Ask the former association's president to make the correction
C. Update the manager's licensure information within the required period after the
change
D. Delete the entire online licensure account and create a new one
Correct Answer: C
Explanation: Florida's community association management licensing framework
requires licensees to maintain accurate online licensure information and update
required information within the prescribed period following a change.
Question 4
A manager's contract with a condominium association is terminated. The former
manager retains electronic copies of association financial records because the
manager believes they may be useful for defending against a future complaint. The
association requests that all association records be returned. Which action is MOST
appropriate?
A. Refuse to return the records until the association signs a release
B. Return the association's records in accordance with applicable requirements and
retain only materials the manager is legally entitled to retain
C. Destroy the records immediately to eliminate confidentiality risks
D. Return only paper records because electronic records belong to the management
company
, Correct Answer: B
Explanation: Upon termination of a management relationship, association records
must be handled in accordance with applicable law and professional obligations. A
manager should not improperly withhold association records as leverage in a
dispute.
Question 5
A condominium board is considering awarding a major maintenance contract to a
company owned by the manager's sibling. The manager believes the vendor is highly
qualified and offers the lowest price. What is the manager's BEST action?
A. Recommend the vendor without disclosure because the price is objectively
competitive
B. Disclose the relationship and ensure the association follows applicable conflict-of-
interest requirements before proceeding
C. Award the contract personally because the manager is responsible for
maintenance
D. Conceal the relationship unless a unit owner specifically asks about it
Correct Answer: B
Explanation: The manager must address potential conflicts transparently. A
financial or personal relationship that could affect—or reasonably appear to affect
—professional judgment should be disclosed and handled according to applicable
law, governing documents, and association procedures.
Question 6
A condominium board asks its manager to prepare an annual budget. The manager
notices that the proposed budget omits a recurring expense that is contractually
required and significantly understates expected insurance costs. The board says the
omissions are intentional because a lower budget will be more popular with owners.
What should the manager do?
A. Prepare the budget exactly as instructed because the board controls the budget
B. Prepare an accurate budget reflecting reasonably anticipated expenses and explain
the consequences of knowingly understating costs
